Come By Chance Refinery is a renewable diesel refinery operated by Braya Renewable Fuels in Come By Chance, Newfoundland and Labrador, Canada. It has a refining capacity of 18,000 barrels per day (2,900 m3/d).
Come By Chance Refinery
Come by Chance Refinery
Location of Come By Chance Refinery in Newfoundland and Labrador
The refinery was built by John Shaheen's Shaheen Resources from 1971 to 1973, with the help of British company Procon Limited, for $155 million.[1] The refinery began operation in December 1973 until the refinery went bankrupt in 1976, with Shaheen Resources owing about $500 million.[1] After four years of inactivity, the refinery was purchased by Petro-Canada for $10 million in 1980, but decided against reactivation, and instead sold the refinery to Bermuda-based refinery Newfoundland Processing Ltd. for $1 in 1986, which reopened it the following year.[1]
In August 1994, the Vitol Group purchased the refinery and the operating company North Atlantic Refining was founded.[2] In 2014, it was acquired by SilverRange Capital Partners, a New York-based alternative asset manager.[3] On May 28, 2020, Irving Oil announced that it was in negotiations to purchase the refinery.[4] On October 5, 2020, the sale to Irving Oil collapsed and it was announced that the Come By Chance refinery would close permanently.[5]
In November 2021, the U.S. private equity group Cresta Fund Management purchased a controlling stake of the idling refinery and announced plans to convert the plant to a biofuel operation. As part of the acquisition, the refinery was renamed to Braya Renewable Fuels.[6]
On September 2, 2022, an explosion at the refinery injured 8 workers, one, Shawn Peddle of Clarenville (formerly of Hatchet Cove) died in hospital on October 15. The cause of the explosion is currently under investigation.[7]
In late August, 2023, the Government of Newfoundland & Labrador awarded exclusive rights to pursue development of the Toqlukuti'k Wind and Hydrogen Ltd. Project to Braya partner ABO Wind. Braya had previously issued an exclusive letter of support to ABO Wind for the joint development of green hydrogen production at its refinery in Come By Chance. The Crown lands decision awarded ABO Wind exclusive rights to 267,000 acres, or 417 square miles, in close proximity to the refinery.[8]
Referencesedit
^ abcThe Come By Chance Oil Refinery Newfoundland and Labrador Heritage
^(PDF). nlrefining.com. August 23, 2006. Archived from the original (PDF) on 2006-12-09.
^"Irving will reopen dormant Come By Chance oil refinery, minister says". cbc.ca. May 28, 2020.
^"North Atlantic oil refinery in Come By Chance to close permanently". cbc.ca. October 5, 2020.
^"Come By Chance refinery sold, will become biofuel operation by mid-2022". Canadian Broadcasting Corporation. from the original on 2021-11-30. Retrieved 24 Feb 2022.
^"Union demands inquiry after Come By Chance refinery worker dies following explosion". Canadian Broadcasting Corporation. Retrieved 17 Jun 2023.
^Fuels, Braya Renewable. "Braya Renewable Fuels Partner ABO Wind Receives Exclusive Rights to Develop World Class Wind and Hydrogen Project". www.newswire.ca. Retrieved 2023-09-27.
External linksedit
North Atlantic Refining
This article related to natural gas, petroleum or the petroleum industry is a stub. You can help Wikipedia by expanding it.
come, chance, refinery, renewable, diesel, refinery, operated, braya, renewable, fuels, come, chance, newfoundland, labrador, canada, refining, capacity, barrels, come, chance, refinerylocation, newfoundland, labradorcountrycanadaprovincenewfoundland, labrador. Come By Chance Refinery is a renewable diesel refinery operated by Braya Renewable Fuels in Come By Chance Newfoundland and Labrador Canada It has a refining capacity of 18 000 barrels per day 2 900 m3 d Come By Chance RefineryCome by Chance RefineryLocation of Come By Chance Refinery in Newfoundland and LabradorCountryCanadaProvinceNewfoundland and LabradorCityCome By ChanceCoordinates47 47 57 N 53 59 45 W 47 79917 N 53 99583 W 47 79917 53 99583Refinery detailsOperatorBraya Renewable FuelsOwner s Cresta Fund ManagementCommissioned1973Capacity18 000 bbl d 2 900 m3 d No of employees200Refining unitsalkylation isomerisation distillation of crude oil hydrocracking reforming catalytic cracking catalytic desulphurationNo of oil tanks50History editThe refinery was built by John Shaheen s Shaheen Resources from 1971 to 1973 with the help of British company Procon Limited for 155 million 1 The refinery began operation in December 1973 until the refinery went bankrupt in 1976 with Shaheen Resources owing about 500 million 1 After four years of inactivity the refinery was purchased by Petro Canada for 10 million in 1980 but decided against reactivation and instead sold the refinery to Bermuda based refinery Newfoundland Processing Ltd for 1 in 1986 which reopened it the following year 1 In August 1994 the Vitol Group purchased the refinery and the operating company North Atlantic Refining was founded 2 In 2014 it was acquired by SilverRange Capital Partners a New York based alternative asset manager 3 On May 28 2020 Irving Oil announced that it was in negotiations to purchase the refinery 4 On October 5 2020 the sale to Irving Oil collapsed and it was announced that the Come By Chance refinery would close permanently 5 In November 2021 the U S private equity group Cresta Fund Management purchased a controlling stake of the idling refinery and announced plans to convert the plant to a biofuel operation As part of the acquisition the refinery was renamed to Braya Renewable Fuels 6 On September 2 2022 an explosion at the refinery injured 8 workers one Shawn Peddle of Clarenville formerly of Hatchet Cove died in hospital on October 15 The cause of the explosion is currently under investigation 7 In late August 2023 the Government of Newfoundland amp Labrador awarded exclusive rights to pursue development of the Toqlukuti k Wind and Hydrogen Ltd Project to Braya partner ABO Wind Braya had previously issued an exclusive letter of support to ABO Wind for the joint development of green hydrogen production at its refinery in Come By Chance The Crown lands decision awarded ABO Wind exclusive rights to 267 000 acres or 417 square miles in close proximity to the refinery 8 References edit a b c The Come By Chance Oil Refinery Newfoundland and Labrador Heritage Harvest Energy Pays C 1 6 B for Vitol s North Atlantic Refining PDF nlrefining com August 23 2006 Archived from the original PDF on 2006 12 09 History of the Refinery at Come by Chance North Atlantic Refining Archived from the original on 2016 06 11 Retrieved 2010 01 24 Irving will reopen dormant Come By Chance oil refinery minister says cbc ca May 28 2020 North Atlantic oil refinery in Come By Chance to close permanently cbc ca October 5 2020 Come By Chance refinery sold will become biofuel operation by mid 2022 Canadian Broadcasting Corporation Archived from the original on 2021 11 30 Retrieved 24 Feb 2022 Union demands inquiry after Come By Chance refinery worker dies following explosion Canadian Broadcasting Corporation Retrieved 17 Jun 2023 Fuels Braya Renewable Braya Renewable Fuels Partner ABO Wind Receives Exclusive Rights to Develop World Class Wind and Hydrogen Project www newswire ca Retrieved 2023 09 27 External links editNorth Atlantic Refining nbsp This article related to natural gas petroleum or the petroleum industry is a stub You can help Wikipedia by expanding it vte nbsp This Newfoundland and Labrador related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Come By Chance Refinery amp oldid 1192194675, wikipedia, wiki, book, books, library,
